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PM KISAN: Centre to Release Rs 22,000 Crore in Dec-March; 10th Installment Next Month
The central government is set to release Rs 22,000 crore to the account of farmers as part of the Pradhan Mantri Kisan Samman Nidhi or PM KISAN Scheme soon, sources said. The money to be released shortly is the third installment for the December to March quarter of FY22. So far, the Centre has provided a sum amounting around Rs 1.57 lakh crore to farmer families under the scheme.
According to reports, the 1`0th installment will be released between December 15 to 25 by the government under the scheme. On Tuesday, government sources told CNBC TV18 that the Centre has so far spent Rs 43,000 crore for the PM KISAN scheme in financial year 2022 to help out farmer families. With the release of the third installment for December to March quarter, the Rs 65,000 crore budget allocated for this fiscal will be used up, the sources further said. They added that a further Rs 500 crore to Rs 1,000 crore may be additionally needed for PM KISAN in FY22 as more and more farmers are registering for the scheme.The government expects to add 15 lakh more farmers to the scheme in West Bengal. The tally will then be up to 50 lakh farmers, up from the current 35 lakh, in the state, the sources said. The government has added close to 11 crore beneficiaries this year to the PM KISAN scheme so far, they added.
As per reports, the Centre is not looking to bring in any change in the current rules regarding the PM KISAN scheme.
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